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president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy. look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion by taking the offers that are on the table. speaker boehner and the president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed even in his own caucus. now, the question. >> chris: but you are not answering my question. >> because i tell you something because we only have nine days left here. when are we going to get serious about actual solutions? i would lineback joh welcome jl me. he wants a solution. give us one, john. >> there
president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy....
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their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we want a fiscal policy that can do two things? repel the recovery forward and deal with the long-term budget situation? everyone agrees that is the preferable way to do it. over the short term, uses -- postponed any fiscal cliff austerity so that recovery can take hold, and over the long term, but to balance the revenue and spending of the federal budget. if we were able to do both things -- and if we had a rational policy making gains in congress, that is what we would do -- then we would enter the future with a pretty good pace for fut
their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing...
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. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been maybe a few conversations at the staff level about the fiscal cliff, but the reality is, thomas, the negotiations have largely stalled. you remember president obama on friday urging lawmakers to take this time off to really cool off, come back later this week with a appreciate perspective. i think you're going to see the hard work, the real negotiations resume when lawmakers go back into session after the christmas holiday. now, last week it seemed as though president obama, house speaker john boehner were close to getting some sor
. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is....
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president obama spending the christmas holidays in hawaii, but it's not all fun in the sun. still looming as i've just talked about is this large fiscal cliff as the deadline gets closer, and now there are reports surfacing that the president is looking to strike a partial deal that would extend tax cuts for the middle class while holding off on spending cuts. chief white house correspondent ed henry has the luxury of reporting live in honolulu, hawaii. ed it seems for the first time we might really go off the fiscal cliff which is something that you or so many of us in washington never believed would happen. >> reporter: you're right, kelly. i mean for the longest time there was an expectation in both parties there would be a lot of fighting but right up against the christmas holiday they would finally somehow work this out. that is traditionally what happens on capitol hill. this time as you say leaders in both parties now bracing for the real possibility that we will go off that fiscal cliff, and that tax increases will go across the board for everybody, basically, go bac
president obama spending the christmas holidays in hawaii, but it's not all fun in the sun. still looming as i've just talked about is this large fiscal cliff as the deadline gets closer, and now there are reports surfacing that the president is looking to strike a partial deal that would extend tax cuts for the middle class while holding off on spending cuts. chief white house correspondent ed henry has the luxury of reporting live in honolulu, hawaii. ed it seems for the first time we might...
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president obama spending holidays in beautiful hawaii where reports now surfaced where he is looking to strike a smaller fiscal deal that would extend tax cuts for the middle class but not tackling any spending cuts. chief white house correspondent ed henry is live in honolulu with more. ed, for the first time, people like joe lieberman are saying i really think we'll go over the cliff. what do you hear? >> reporter: it's a real possibility, you're right. we're a week out. people on both sides have been talking this thing to death. it might need a christmas miracle at this point to avoid going off the cliff. the president scaled back plan basically would extend unemmoment benefits for two million people who will lose them a week after christmas if there is no deal. he also wants to extend tax cuts for 98% of americans. you heard him talk about that again and again. that level of $250,000 or less. the republicans have not afreed to that on the hill obviously. when you talk to folks like senator lindsey graham, they say the big issue is not taxes, it is spending cuts. take a listen. >>
president obama spending holidays in beautiful hawaii where reports now surfaced where he is looking to strike a smaller fiscal deal that would extend tax cuts for the middle class but not tackling any spending cuts. chief white house correspondent ed henry is live in honolulu with more. ed, for the first time, people like joe lieberman are saying i really think we'll go over the cliff. what do you hear? >> reporter: it's a real possibility, you're right. we're a week out. people on both...
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president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a lot of projections are, if carbon is at $20 per ton of carbon, it could generate roughly a trillion dollars over the next ten years, of course, that figure of $20 would increase, but i think it's pretty tough for republicans to swallow another trillion dollars in revenue from a carbon tax, so i don't think it's very likely to get 60 votes in the senate or for speaker boehner from ohio which is a big coal producing area, which would be hit the hardest by a carbon tax, i don't think it's likely he would bring that up for a vote. david: here is another scenario though. the preside
president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue...
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>> i think he thought obama wasn't close enough. it's a couple hundred billion in revenues -- i mean in spending cuts that the president wanted and boehner said i can't believe that. neighbor he couldn't have pulled out because of the same guys that killed plan "b." >> shorter-term it looks like the republicans would feel that brunt politically of us going over the cliff. longer-term if you get into next year and you still have troubles and the economy is still weak, isn't the president taking a big chance here? i mean, do you get any sense that they're overplaying their hand because they won re-election? >> i agree with that. i think they are overplaying their hand a little bit. i think that the president doesn't want to have a second term overshadowed by a recession. which is actually an opportunity to get a few things done, completely over taken by this cliff. he does actually want a deal. i'm not sure he wants to go -- >> it's hard to be mad -- hopefully is, hard to be mad at 60 individual republicans and say i don't like this g
>> i think he thought obama wasn't close enough. it's a couple hundred billion in revenues -- i mean in spending cuts that the president wanted and boehner said i can't believe that. neighbor he couldn't have pulled out because of the same guys that killed plan "b." >> shorter-term it looks like the republicans would feel that brunt politically of us going over the cliff. longer-term if you get into next year and you still have troubles and the economy is still weak, isn't...
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it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't ev
it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to...
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president obama campaigned on the idea of 800 billion in new revenue, and when he won re-election, he suddenly said i'm going to double it. i'm demanding now $1.6 trillion in new revenue. i mean, how do you negotiate with a guy who keeps changing his proposal? >> well, what's interesting is that speaker boehner would have, his proposal would have generated $800 billion in new revenue, and he couldn't get republicans of his own party to go along with it. you've got to pass something to begin a process of the give and take. and -- gregg: dick, you're dodging my question. >> that's democrats' problem, they've got to pass a bill. gregg: he said i want 800 billion in new revenue, and the immediately after the election boehner goes to him and says here it is, and he said, no, no, no, now i want 1.6 trillion. come on, dick. >> well, i mean, i think it's important to understand that this president won a huge victory based on raising taxes on everybody that makes -- gregg: so he gets to double the amount he asked for? >> no, no. i mean, i think it's done with following the plan that he propose
president obama campaigned on the idea of 800 billion in new revenue, and when he won re-election, he suddenly said i'm going to double it. i'm demanding now $1.6 trillion in new revenue. i mean, how do you negotiate with a guy who keeps changing his proposal? >> well, what's interesting is that speaker boehner would have, his proposal would have generated $800 billion in new revenue, and he couldn't get republicans of his own party to go along with it. you've got to pass something to...
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offer to increase taxes on top 2%, whether 400,000 or 500,000 and of some small spending changes. that seems to be all anybody is talking about right now. that may be all that we can get through. plan c seems to be the original plan a at this point. >> we are making our way through the alpha bet. thank you, guys. merry christmas, all. >> merry christmas. >> see you later. >> let's get to the nasdaq marketsite. seema mody. >> weighing here on the nasdaq on large cap tech shares, take a look at dell shares moving lower. research in motion continuing its plunge after losing roughly 20% on friday with concerns aroundity revenue service model being the key issue there. aside from that, a biotech stock on the move, a small cap but as you see a commendable run over the past six months, gaining 70%. investors piling in, in anticipation of approval. today they got that approval. however the cholesterol lowering drug will contain a boxed warning citing risk of liver toxicity. perhaps that's a reason we are 150eing that stock move lower. on to bright spots, if you can believe it, facebook, b
offer to increase taxes on top 2%, whether 400,000 or 500,000 and of some small spending changes. that seems to be all anybody is talking about right now. that may be all that we can get through. plan c seems to be the original plan a at this point. >> we are making our way through the alpha bet. thank you, guys. merry christmas, all. >> merry christmas. >> see you later. >> let's get to the nasdaq marketsite. seema mody. >> weighing here on the nasdaq on large cap...
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. >> why have you been so consistent in your support of obama? is >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections. think of all the people that could be benefit -- could benefit from that money. >> there have been two elections since i've been in america. there have been two elections where one party has had far more financial power than the other. one was here in california with meg whitman, and one was nationally. romney clearly had more money than obama for most of that campaign, and in both cases, the one with the most money lost. >> isn't that great? >> what does that tell you about the american people? >> the people are getting smarter. they're going, i don't like all this amount of money spent on this election. campaign finance reform is very important, and i hope somebody does something about it. you should have a given amount, equal amount, equal air time, and that
. >> why have you been so consistent in your support of obama? is >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections. think of all the people that could be benefit -- could benefit from that money. >> there have been two elections since i've been in america. there have been two elections where one party has...
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president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. th
president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin...
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president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would never hesitated to collaborate with a republican colleague for the good of the country. >> reporter: there was little sign of collaboration on the morning talk shows. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. >> the president has been a pathetic fiscal leader. >> both sides blaming each other for the impact. >> i think the president is eager to go over the cliff for political purposes. i think he sees a political victory the on the bottom of the cliff. >> on taxes it's hard for the republicans, but the pr
president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would...
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talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequen
talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more...
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in the end, obama beat romney by ten points. on the economic values question that was this, which candidate is more in touch with people like you? 53% said romney's policies would favor the rich. 10% said that the about the president's policies and romney, first republican nominee in the history of our nbc sls "wall street journal" poll and ended with a painful number, 47% of the voters viewing him positively. the obama campaign was also able to get more bang for the buck because they bought ads early and they were very careful about where to buy the ads. in the last week of the election, the obama campaign paid $550 for a single ad in raleigh, north carolina. the romney campaign had to sell out $2,665. the obama campaign bought it way ahead of time. lesson two, the republican brand needs a hard look. the gop favorable rating underwater for two years. it's been nearly five years and the final poll, full poll before the election, just 36% of registered voters said they had a positive view of the republican party. 43% held a negat
in the end, obama beat romney by ten points. on the economic values question that was this, which candidate is more in touch with people like you? 53% said romney's policies would favor the rich. 10% said that the about the president's policies and romney, first republican nominee in the history of our nbc sls "wall street journal" poll and ended with a painful number, 47% of the voters viewing him positively. the obama campaign was also able to get more bang for the buck because they...
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president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to either let it happen or insert some kind of stop-gap in there. the other one of course is just literally to extend everything for another month. extend all the cuts to the end of january and simply delay sequestration and of course that is the least desirable but that may be in fact the one that happens right now. let's move on and show you the market is still not very worried about it. the five-month high on an intraday basis on friday but still staying within that trading range that has been in for a while now. not really busting out above 20. if we stayed out above 20 then you could have people sa
president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to...
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. >> president obama drawing strong criticism about the wars in iraq and afghanistan and he said hagel is the wrong man for the job. ♪ ♪ >> clayton: welcome back. lawmakers have eight days left when a series of spending hikes and tax cuts come n you will see a slash of spending of 500 billion dollars over the next 10 years and nine percent in speppeding alone. joining us is ceo of concerned veterans for america and u.s. army veteran himself. pete, nice to see you and merry christmas to you. >> thank you for having me. >> clayton: defense cuts set to take place in the end of the year . president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it. you agree and say t
. >> president obama drawing strong criticism about the wars in iraq and afghanistan and he said hagel is the wrong man for the job. ♪ ♪ >> clayton: welcome back. lawmakers have eight days left when a series of spending hikes and tax cuts come n you will see a slash of spending of 500 billion dollars over the next 10 years and nine percent in speppeding alone. joining us is ceo of concerned veterans for america and u.s. army veteran himself. pete, nice to see you and merry...